Browse Data and Analysis

FAS Manila maintains its overall forecast for milled rice and wheat in Marketing Year (MY) 2025/26, while increasing its forecast for corn production, area harvested, and consumption.

Stronger local white corn prices and rising demand for rice and sorghum are expected to drive increased production in marketing year 2025/2026.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

FAS Manila forecasts an increase in milled rice production in Marketing Year (MY) 2025/26 compared to the previous MY, due to favorable weather conditions and an increase in government funding for the rice industry.

Mexico’s grain production outlook for marketing year (MY) 2025/2026 is higher for corn, rice, and sorghum due to higher local prices driving farmer planting decisions.

The outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum.

FAS Manila forecasts lower milled rice production in Marketing Year (MY) 2024/25 compared to MY 2023/24 due to a series of weather disturbances. FAS Manila forecasts an increase in imports in MY 2024/25 to address reduced domestic production and increasing consumption attributed to population growth.

FAS Manila forecasts Marketing Year (MY) 2024/25 rice imports to reach 4.60 million metric tons (MT), given the implementation of Executive Order No. 62, 2024 that reduced rice tariff rates from 35 to 15 percent.

The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, rice, and sorghum based on higher-than-average precipitation and a gradual recovery from exceptional drought conditions.

Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent.

Following a year of exceptional drought conditions in marketing year (MY) 2023/2024, the outlook for Mexican grain production in MY 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on producer expectations for a gradual recovery to average precipitation levels.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.